Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) Short Interest Update

Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 324,068 shares, a decline of 41.2% from the December 15th total of 550,830 shares. Approximately 5.1% of the company’s stock are short sold. Based on an average trading volume of 413,089 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 413,089 shares, the days-to-cover ratio is currently 0.8 days. Approximately 5.1% of the company’s stock are short sold.

Institutional Trading of Direxion Daily Real Estate Bull 3X Shares

Institutional investors have recently bought and sold shares of the stock. LifeGuide Financial Advisors LLC increased its stake in Direxion Daily Real Estate Bull 3X Shares by 18.0% during the 2nd quarter. LifeGuide Financial Advisors LLC now owns 90,412 shares of the company’s stock worth $863,000 after buying an additional 13,775 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Direxion Daily Real Estate Bull 3X Shares by 10.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 17,410 shares of the company’s stock valued at $166,000 after buying an additional 1,628 shares during the period. Group One Trading LLC raised its position in Direxion Daily Real Estate Bull 3X Shares by 71.5% in the second quarter. Group One Trading LLC now owns 5,544 shares of the company’s stock valued at $53,000 after purchasing an additional 2,312 shares during the period. Finally, Virtu Financial LLC boosted its stake in Direxion Daily Real Estate Bull 3X Shares by 588.5% during the third quarter. Virtu Financial LLC now owns 98,638 shares of the company’s stock worth $966,000 after buying an additional 84,311 shares during the period.

Direxion Daily Real Estate Bull 3X Shares Trading Up 2.4%

Shares of DRN stock traded up $0.22 during trading hours on Thursday, reaching $9.34. 378,480 shares of the company’s stock were exchanged, compared to its average volume of 461,530. The company has a market cap of $58.34 million, a price-to-earnings ratio of 35.32 and a beta of 3.03. Direxion Daily Real Estate Bull 3X Shares has a fifty-two week low of $6.31 and a fifty-two week high of $11.94. The stock’s 50 day moving average is $8.70 and its 200-day moving average is $9.27.

Direxion Daily Real Estate Bull 3X Shares Company Profile

The Direxion Daily Real Estate Bull 3X Shares (DRN) is an exchange-traded fund that is based on the S&P Real Estate Select Sector index. The fund provides 3x leveraged exposure to an index that captures large cap equities of the US real estate segment. DRN was launched on Jul 16, 2009 and is managed by Direxion.